Rejecting valid submissions, delaying payments and reclaiming tax credits Government’s flagship program offers financial lifeline to many small businesses Scheme is key to government plans to make UK a ‘tech superpower’ by 2030 HM Revenue & Customs is under fire for clamping down on businesses by denying genuine claims for research and development tax breaks … Read more
The number of Britons over retirement age paying tax on their state pension has increased significantly in the past year, according to new figures published by HM Revenue and Customs (HMRC). Tax authority data shows that annual figures on the number of people paying income tax on their pension payments have risen by 660,000, from … Read more
Tax evaders in the Midlands have been named and shamed in an updated list published by HMRC. The list, published quarterly, is designed to deter tax avoiders, with anyone who doesn’t pay risking having their name made public. The updated list includes a number of businesses and people in the Midlands who collectively owe thousands … Read more
Stay informed with free updates Simply log in to the UK tax myFT Digest – delivered straight to your inbox. Private equity houses and professional services firms could stand to pocket hundreds of millions of pounds after the UK tax authorities launched a crackdown on companies operating as limited companies. HM Revenue & Customs is … Read more
Are you affected by the delay? Email arthur.parashar@mailonline.co.uk Furious parents say they cannot put food on the table after an HMRC error prevented some child benefit payments from arriving as planned on Monday. HMRC has apologized after around 30 per cent of child benefit payments scheduled for June 3 failed to arrive in claimants’ accounts … Read more
They are quick to take hardworking Brits to task if their accounting is incorrect. But shocking data unearthed by the Daily Mail today suggests the taxman has been creative with his arithmetic. When it comes to working from home, His Majesty’s Revenue and Customs has long been one of the worst-performing government departments, with monthly … Read more